Business News

BitMEX Closure Rocks Crypto: $40.7M Lawsuit Alleges Bitcoin Theft, Insider Trading as Exchange Shuts Down Crypto derivatives exchange BitMEX faces a proposed class-action lawsuit accusing it of egregious misconduct, including theft of user Bitcoin and insider trading. This legal challenge emerges as the pioneering platform, known for popularizing perpetual swaps, prepares to cease operations after … Read more

Singapore-based Bitcoin mining firm Poolin, once a dominant force in the cryptocurrency mining landscape, has officially filed for Chapter 11 bankruptcy protection. The filing, made in New Jersey on July 22, 2026, reveals substantial liabilities, estimated between $100 million and $500 million, with approximately $173 million directly owed to creditors. This dramatic turn marks the … Read more

B2C2 Explored Strategic Sale, Valuation Proves Sticking Point London-based crypto market maker B2C2, 90% owned by Japan’s SBI Holdings, has engaged in extensive takeover discussions with multiple potential buyers over the past 18 months. These confidential talks, however, have repeatedly stalled due to disagreements over valuation, according to sources familiar with the matter. B2C2 reportedly … Read more

Institutional crypto trading platform LMAX Group is actively exploring strategic alternatives, including a potential sale or public offering. The London-based firm, a key player in bridging traditional finance (TradFi) with burgeoning digital asset markets, is collaborating with leading financial advisors Morgan Stanley (MS) and investment bank KBW, a division of Stifel (SF), to meticulously evaluate … Read more

North Korean Hackers Apprehended in Major Crypto Laundering Crackdown Pyongyang authorities have arrested former military hackers. These individuals stand accused of orchestrating large-scale financial theft from two prominent state-run banks and subsequently laundering the illicit proceeds through sophisticated cryptocurrency channels. Central Bank Breaches and Sophisticated Money Movement Reports, notably from Daily NK citing an anonymous … Read more

Cryptocurrency exchange BitMart announced its impending shutdown after nine years of operation, triggering a sharp decline in its native token, BMX. The platform ceased accepting new registrations, deposits, and trading orders as of Sunday, July 26, 2026, at 01:30 UTC. Futures accounts transitioned to a reduce-only mode, limiting user actions to closing existing positions. The … Read more

Europe’s Markets in Crypto Assets (MiCA) regulation has ushered in a new era for the digital asset industry. Beyond the initial scramble for licenses, the focus has now shifted to the enduring costs and complexities of comprehensive regulatory compliance. This stringent environment is poised to trigger a significant wave of mergers, acquisitions (M&A), and enhanced … Read more